***Rates Updated as of January 2013***
Introducing the new $20,000 secured mortgage credit card from Adelaide and Bendigo Bank.
Offer: $20,000 Credit card side loan on top of your mortgage ( does not add to the LVR)
Fee: $150 annual fee
Application fee: $0
Rate: Standard discounted home loan rates and conditions
Current rate: 5.79%
LVR: Up to 95%
Break cost: None, exit anytime by paying out the loan.
Note: This $20,000 side loan does NOT add to the LVR, meaning it does not add to the LMI.
*** Interest are tax deductible if the purpose of the funds are used for investment purpose, seek professional advice from your accountant.